Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.042%
Price spread now: GRVT against tradeXYZ+0.137%66s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)+0.361%+$36 · spread now +0.137%, 7d avg +0.051%
=Together, before fees+0.173%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.086% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.051%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.8 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MRNA | 171.94 | 0.0050 | pay 0.0006% / 1h | 36m 21s | $2.6M | $4.3M | 10x |
| Short | GRVT MRNA_USDT_Perp | 172.18 | 0 | get 0.0000% / 8h | 6h 36m | $198 | $153K | 10x |
tradeXYZ xyz:MRNA
GRVT MRNA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.137% → +0.051%
- $8.64
- Slippage, 4 orders
- −$34.55
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$63.41
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; GRVT: live order book, 26 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 11 min ago | 1.45 bp | 13.5 bp −$14 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 26 min ago | 2.90 bp | 19.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
MRNA on 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MRNA | −0.0784% | 1h | 172.10 | +0.093% | $109K | $1.1M | 10x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 171.98 | +0.023% | $1.1M | $2.7M | 10x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 172.07 | +0.075% | $28K | $81K | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 172.00 | +0.035% | $932K | $857K | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 171.92 | −0.012% | $1.3M | $5.2M | 20x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 172.11 | +0.099% | $861K | $1.0M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 171.93 | −0.006% | $2.6M | $10.5M | 20x | as long as short |
| GRVT MRNA_USDT_Perpshort | 0.0000% | 8h | 172.18 | +0.137% | $198 | $153K | 10x | |
| HTX MRNA-USDT | 0.0000% | 8h | 172.05 | +0.062% | $12K | $428K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 172.01 | +0.041% | $1.5M | $645K | 20x | as long as short |
Lighter MRNA
QFEX MRNA-USD
Aster MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
Gate MRNA_USDT
Bitget MRNAUSDT
HTX MRNA-USDT
Phemex MRNAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | +0.0024% | 4h | 172.14 | +0.114% | $3K | $246K | 10x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −7.747% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 171.99 | +0.029% | $2K | $64K | 10x | as long as short |
| Extended MRNA-USD | +0.0048% | 1h | 171.92 | −0.010% | $32K | $32K | 10x | as long as short |
| tradeXYZ xyz:MRNAlong | +0.0050% | 1h | 171.94 | long leg | $2.6M | $4.3M | 10x | |
| SoDEX MRNA-USD | +0.0050% | 1h | 172.01 | +0.041% | $40K | $66K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 171.99 | +0.029% | $42K | $37K | 5x | as long as short |
| Variational Omni MRNA | +0.0081% | 8h | 172.05 | +0.063% | $49K | $89K | — | as long as short |
| Binance MRNAUSDT | +0.0114% | 8h | 172.01 | +0.039% | $2.1M | $11.3M | 20x | as long as short |
| BloFin MRNA-USDT | +0.0133% | 8h | 172.49 | +0.320% | $45K | $29K | 20x | as long as short |
| Phoenix MRNA | +0.0279% | 1h | 171.98 | +0.023% | $5K | $193K | 10x | as long as short |
edgeX MRNAUSDC
Injective MRNA/USDC PERP
Arcus MRNA-USD
Extended MRNA-USD
SoDEX MRNA-USD
Ondo Perps MRNA-USD.P
Variational Omni MRNA
Binance MRNAUSDT
BloFin MRNA-USDT
Phoenix MRNA